How Much Should You Spend on an Engagement Ring?

‘What is the average carat?’, is one of the top questions engagement ring shoppers ask, the second, and perhaps more frequent, is ‘how much should you spend on an engagement ring?’

In 2014 in Australia, the average according to The Knot survey was $5,598, this was down from 2009’s average of $5,861. However, it is believed to have crept up again. So be sure to stay tuned to hear what was the average spend for 2015 was.

This is only a guideline and an average. When deciding on your budget it is important to take into account your personal situation and to not get to influenced by what society “suggests” you should spend. We certainly do not recommend getting into debt to purchase your engagement ring.